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LATEST POSTS

First Quarter 2024 Lumber Industry Update

First Quarter 2024 Lumber Industry Update (Part 2)

May 16, 2024

Lumber prices volatile? Get the latest Q1 2024 lumber market update. This excerpt analyzes housing starts, mortgage rates, and key building material trends that drive the behavior of the lumber market and affects your lumber purchases.

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Arizona Ranks #3 in Economic Outlook

Arizona Ranks #3 in Economic Outlook

Apr 30, 2024

Amidst the bustling lumber market, OSB emerges as the standout performer, captivating attention with its soaring prices. While plywood, dimensional lumber, and low-grade variants remain available but overlooked, the spotlight remains firmly on OSB. As economic indicators fluctuate, our insights shed light on navigating this dynamic landscape. With Trio’s strategic positioning in Arizona’s thriving market, seize the opportunity to secure lumber amidst nationwide challenges. Trust our expertise to negotiate and deliver premium lumber solutions tailored to your project needs.

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Trio’s Phones are Lighting Up with Strong First Quarter Inquiries

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Recent developments have brought about noteworthy changes across various segments.

OSB: A Rollercoaster of Prices

Oriented Strand Board (OSB) recently experienced a significant downturn, prompting a swift sell-off for those with wood in their inventories. However, the market appears to have stabilized, witnessing a noteworthy $10/M surge within a single week. This unexpected turnaround has led some distributors to quote prices that are strikingly $100/M over the printed rates, signaling a rapid and robust recovery in the OSB market.

Structural Panel: Steadfast Resilience

Amidst market fluctuations, structural panel prices have shown remarkable resilience by maintaining a consistent flat trajectory. This stability suggests a sustained demand for these materials, positioning structural panels as a reliable choice amidst the broader volatility in the lumber market.

Framing Lumber: A Picture of Stability

Framing lumber, true to its name, is exhibiting unwavering stability, staying as flat as a board. This consistent performance provides a sense of dependability within this segment, offering reassurance to stakeholders amid the dynamic movements observed in other areas of the lumber market.

Low Grade: Returning to the Norm

Low-grade lumber, after a period of fluctuation, is now returning to its historic norm, characterized by minimal movement. This newfound steadiness adds a layer of predictability to this segment, potentially offering stability to those engaged in the low-grade lumber market.

First Quarter 2024 Outlook: Optimism Prevails

Looking ahead to the first quarter of 2024, the lumber market shows promise with quotes and orders steadily streaming in. The heightened level of activity is keeping industry phones busy, reflecting an optimistic outlook and potentially indicating robust demand as the new year unfolds.

As we navigate these trends, stay tuned for continued updates on the dynamic shifts shaping the lumber market’s landscape.